LRI Investments LLC Buys 468 Shares of TE Connectivity Ltd. (NYSE:TEL)

LRI Investments LLC increased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 1,613.8% during the 2nd quarter, Holdings Channel reports. The fund owned 497 shares of the electronics maker’s stock after buying an additional 468 shares during the quarter. LRI Investments LLC’s holdings in TE Connectivity were worth $75,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TEL. EdgeRock Capital LLC acquired a new stake in shares of TE Connectivity during the second quarter worth about $56,000. Family Firm Inc. acquired a new stake in TE Connectivity during the 2nd quarter worth approximately $43,000. Grove Bank & Trust raised its holdings in TE Connectivity by 17.6% during the 2nd quarter. Grove Bank & Trust now owns 4,943 shares of the electronics maker’s stock worth $744,000 after buying an additional 738 shares during the period. &PARTNERS acquired a new position in shares of TE Connectivity in the second quarter valued at approximately $770,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of TE Connectivity during the second quarter worth $475,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of TE Connectivity from $151.00 to $156.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Wells Fargo & Company reduced their price objective on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 25th. Hsbc Global Res upgraded TE Connectivity to a “hold” rating in a report on Wednesday, July 24th. Robert W. Baird boosted their target price on TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, HSBC cut shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price target for the company. in a research note on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, TE Connectivity presently has an average rating of “Hold” and a consensus target price of $158.45.

TE Connectivity Stock Up 2.0 %

Shares of TE Connectivity stock traded up $3.03 on Friday, reaching $153.08. 1,630,394 shares of the company were exchanged, compared to its average volume of 1,911,216. TE Connectivity Ltd. has a one year low of $115.00 and a one year high of $159.98. The company has a current ratio of 1.51, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $150.62 and a 200 day moving average of $146.65. The company has a market capitalization of $46.52 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 2.03 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.01 billion. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 earnings per share. On average, equities research analysts forecast that TE Connectivity Ltd. will post 7.57 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Robert J. Ott sold 2,913 shares of TE Connectivity stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total transaction of $450,320.67. Following the completion of the transaction, the senior vice president now directly owns 25,504 shares in the company, valued at approximately $3,942,663.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $155.00, for a total value of $1,356,250.00. Following the transaction, the insider now directly owns 20,556 shares of the company’s stock, valued at approximately $3,186,180. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Robert J. Ott sold 2,913 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total transaction of $450,320.67. Following the sale, the senior vice president now owns 25,504 shares of the company’s stock, valued at $3,942,663.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,363 shares of company stock worth $11,791,461. Company insiders own 0.86% of the company’s stock.

TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.